Annual budget

The five steps

1. Departments: choose the budget year, the month it starts and your type of business, then list your departments as revenue or cost centres.
2. Write the budget: every centre has its lines, with the annual amount and the monthly figure beside it. Type a figure and it is saved at once.
3. The proposed budget: Nabd builds a budget from your history, decision by decision. Try an idea, such as prices up five percent, and see revenue, net profit and the lowest cash change at once.
4. Targets and gap: add what the board wants, then see the gap target by target and decide to raise the budget, lower the target or explain why both stay.
5. Approve and freeze: submit for review. Once approved, it is frozen as the original and tracked month by month.

Good to know

• Switch between annual and monthly, filter by revenue, costs and expenses, or read the whole income statement.
• Applying a proposal keeps what was there before, so you can undo.
• Prepare and Govern hold capital expenditure, departmental budgets, the historical baseline, transfers and amendments of an approved budget.

Questions